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Features & Benefits

Automatic Renewal
Fixed Profit
Up To 3 Months
Instant Payment
Instant Cash
Option to Pledge

Eligibility

Applicable for all business enterprises and corporations

Requirements

Minimum deposit placement of RM10,000 for a short tenure of 1, 2, or 3 months, with deposit increments in multiples of RM1,000.

Documents Required

Partnerships

  • Original Identity Cards of Partners
  • Original Business Reg. Form A or B + D
  • Bank’s Partnership Mandate Form
  • Photocopies of Identity Cards of all Partners & Business Reg. Forms

Limited Companies (Sdn Bhd)

Certified copy of the following by Company Secretary:

  • Resolution from Board of Directors to open account & list of authorised signatories
  • Form 24-Return of Allotment of Shares
  • Form 49-Particulars of Directors
  • Memorandum & Articles of Association - Certificate of Incorporation
  • Certificate of Authority (for Public Ltd. Co. only)
  • Obtain photocopies of Identity Cards of all authorised signatories

Executors & Administrators

  • Grant of Probate (Executors)/Letter of Administration (Administrators)
  • Identification documents of Executors & Administrators

Representative Office Account
Certified copy of:

  • Resolution from the Rep. Office’s Head Office to set up office and open account.
  • Letter from Rep. Office’s Head Office bankers (overseas) certifying resolution & existence of Head Office.
  • Letter of approval from the relevant local authority to set up office in Malaysia.
  • Obtain photocopies of Identity Cards/Passports of all authorised signatories.

Clubs/Associations/Societies,  Mosques and Other Religious Bodies
Certified copy of:

  • Resolution of Committee Members authorising opening of account & list of authorised signatories
  • Authority letter for Clubs/Societies
  • Rules & Regulations of Clubs/ Associations including by-laws
  • Photocopies of Identity Cards of all authorised signatories

Private Schools/Colleges
Certified copy of:

  • Resolution of Board of Directors to open account and list of authorised signatories - Form 24- Return of Allotment of Shares
  • Form 49-Particulars of Directors
  • Memorandum & Articles of Association

Government Schools
Certified copy of:

  • Request letter to open account issued by the State Education Department
  • Certified copy of Board of Governors’ resolution to open account & list of authorised signatories
  • Obtain photocopies of Identity Cards of all authorised signatories

Joint Venture Account
Certified copy of:

  • Resolutions from all JV partners to open account & list of authorised signatories
  • Joint venture agreement
  • Memorandum & Articles of Association of all JV partners (local or foreign)
  • Form 24-Return of Allotment of Shares
  • Form 49-Particulars of Directors
  • In the case of foreign company, a letter from the foreign company’s bankers certifying the resolution, memorandum & existence of company
  • Photocopies of Identity Cards/ Passports of all authorised signatories

Rates

Effective 13 July 2020

Tenure (Month)

Board Rate (% p.a.)

1 month

1.50%

2 months

1.65%

3 months

1.70%

Protected by PIDM up to RM250,000 for each depositor. To view PIDM's brochure, click here.

Terms and Conditions

Fixed Return Income Account-i Terms and Conditions (ENG)
Fixed Return Income Account-i Terms and Conditions (BM)

Key Downloads

Business Account Application Form and Guidelines

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